Case Studies

16-18 Simpson Street, Auburn NSW 2144

DA approved residential development site for 20 apartments in the high growth precinct of Auburn.

Additional highlights outlined below:
• Mortgagee Exercising Power of Sale
• DA Approved for 20 apartments – 1 x one bedroom, 14 x two
bedroom & 5 x three bedroom, over 5 levels
• Two (2) level basement car parking for 29 cars
• Site area of 960m2*
• Rear lane access
• Cleared site ready to build
• 600m* to Auburn Railway Station and Shopping Centre

A strong marketing campaign ensured there were several bidders at the auction and bidding proved to be very competitive. The site was sold under the hammer.


Sales Analysis
Sale Price:$3,750,000
Land Area:960m2*
Zoning:R4 High Density Residential
Building Height:18metres
Floor Space Ratio:1.7:1
Price Per developable unit:$187,500
Raw or Subject to DA:DA Aproved
Sales Process
Sale Date:September 2017
Sale Type:Auction
Vendor:Mortgagee in Possession
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